Union Pacific 2001 Annual Report Download - page 7

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GREAT IDEAS continued
Herzog Ballast Car – Using remote
control and wireless technology
backed by the Global Positioning
System (GPS), Dave Steinacher
(below left), Engineering, and Herzog
Contracting have reduced the time
required to unload a ballast train
from 10 hours to one hour, while
freeing up a seven-member gang that
used to manually unload the train.
Controlled Tractive Effort Loco-
motives – Bob Farar (below), Loco-
motive Mechanical, worked with
General Electric to develop the first
alternating current locomotive that
could adjust its tractive effort for use
in distributed power manifest serv-
ice. These locomotives reduce transit
time for manifest trains, increase
tonnage per train, eliminate helpers,
add versatility and improve utiliza-
tion of the locomotive fleet.
LOOKING AHEAD
2001 will be remembered as a difficult year – a recession, high fuel prices and,
most tragically, the events of September 11. But through it all, our employees rose
to these challenges. They worked harder than ever in 2001 and reached beyond
themselves to donate over a quarter of a million dollars to the September 11 relief
effort, which the company matched dollar for dollar. The dedication, commit-
ment and pride of our employees is one of the keys to our continued success and
I’d like to thank all of them for their tremendous efforts. Seeking to retain and
motivate our work force, we are looking for innovative approaches to work/life
issues throughout the company. I am especially pleased that Working Mother mag-
azine recognized these efforts in 2001 by naming Union Pacific one of the top 100
employers for working mothers.
I’d also like to add my special thanks to Bob Bauman, who retired from our
board of directors in April after 14 years of leadership and guidance. At the same
time, I’m pleased to welcome Dr. Ernesto Zedillo, former president of Mexico, to
our board. He brings a great deal of knowledge and experience that will help us
continue to grow our business both north and south of the border.
As we look to the future, we believe that our company is well positioned to
meet the near-term economic challenges and continue to grow and prosper. Our
vision remains unchanged: To make Union Pacific a company where customers
want to do business, employees are proud to work and value is created for share-
holders. By leveraging the strength of our franchise, we believe we can continue to
deliver financial success and superior returns to our shareholders for many years
to come.
Dick Davidson
Chairman and Chief Executive Officer
February 21, 2002
OUR VISION REMAINS UNCHANGED
5
TIME HIGH